Apforia Ltd

Item 5 Fees and Compensation
100% of APFORIA’s Tenant Firms/IARs provide fee-only fiduciary service as defined by the National
Association of Personal Financial Advisors (NAPFA). Your Tenant Firm/IAR will charge fees based
on the services provided in accordance with one of the fee structures listed in this section. Different
Tenant Firms may charge differently for the same or similar services. Under no circumstances will a
Tenant Firm/IAR charge a fee that could be deemed unreasonable by a regulating authority. Refer to
your investment management agreement or financial planning agreement for the specific details of
your arrangement. Fees are not negotiable, but each Tenant Firm/IAR reserves the right to discount
their posted fees on a case-by-case basis.

Investment Management Services

Assets Under Management (AUM) - The fee for investment management services may be based on
the aggregate value of the assets in your account(s) managed by APFORIA as set forth in the
following annual fee schedule:

Our annualized advisory fee is based on the market value of the assets under management and ranges
from 0.25% to 2.00%. Fees are not negotiable, but each APFORIA Tenant Firm/IAR reserves the right to
discount posted fees on a case-by-case basis.

The fee is billed either monthly or quarterly in arrears and is prorated for accounts opened or closed
during a calendar month or quarter. The advisory fee is based on the closing market value of the
Client’s account(s) as reported by the Client’s custodian(s) on the last business day of the calendar
month or the calendar quarter.

Advisory fees may be directly debited from client accounts within two weeks of the new calendar
month or quarter. Please see Item 15 for more information on direct fee deduction. Clients may also
pay by check, electronic funds transfer, or via credit or debit card. For clients paying by check or
electronic payment, your fee is due and payable within 15 days upon receipt of an invoice. Clients who

elect to pay by credit card may pay an additional processing fee as determined by your Tenant
Firm/IAR. The investment management agreement will provide specific details of your arrangement.

After the initial five days, an investment management agreement may be terminated in writing at any
time by either party. Upon notice of Client’s termination, Advisor will cease managing the assets and
will bill Client for any remaining fees due on a prorated basis calculated on the number of days the
account was open during the billing period prior to termination.

Flat Annual Fee for Investment Management – Tenant Firms/IARs may determine your fee for
investment management as a flat annual fee based on factors other than a percentage of your assets
under management. This fee may be bundled with fees for other services such as comprehensive
financial planning, or it may be stated separately in your billing statement. Flat annual fees for
investment management will be billed monthly or quarterly in arrears. Your investment management
agreement will have the specific details of your billing arrangement.

The annual fees are negotiable, pro-rated and paid in advance / arrears on a monthly / quarterly basis.
The monthly/quarterly fee can be either absorbed by Apforia or passed on to the client(s)

Use of Third Party Managers, Outside Managers, or Sub-Advisors (TAMPs)

Please note if your investment adviser representative is using an Outside Manager, the above fee
schedules (Asset Under Management/Flat Annual Fee for Investment Management) do not include the
Outside Manager’s fee. No increase in the annual fee shall be effective without agreement from the Client
by signing a new agreement or amendment to their current advisory agreement.

After the initial five days, an investment management agreement may be terminated in writing at any time
by either party. Upon notice of Client’s termination, Advisor will cease managing the assets and will bill
Client for any remaining fees due on a prorated basis calculated on the number of days the account was
open during the billing period prior to termination.

Comprehensive Financial Planning Fees

Fees for financial planning are in accordance with the following fee schedule.

Your Tenant Firm/IAR will determine the fee using a methodology depending on several factors
including but not limited to the complexity of the client’s financial situation, hours worked, or the
planning services provided.

For ongoing financial planning, APFORIA provides the three billing methods listed below. The billing
method, project based, flat fee with investment management, or flat fee without investment
management, is determined by each Tenant Firm/IAR.

1.       Comprehensive Financial Planning BUNDLED WITH Investment Management where ongoing
financial planning services are bundled under one fee with investment management. Clients may be
billed a flat annual fee that covers financial planning and investment management OR they may be
billed for both services based as a percentage of the assets under management by APFORIA. Tenant

Firms/IARs may charge an initial onboarding fee up to $1,200 in addition to the established annual
fee. This fee will be billed in arrears on a monthly or quarterly basis. Your financial planning
agreement will have the specific details of your billing arrangement.

2.      Comprehensive Financial Planning WITH Investment Management Billed Separately where
ongoing financial planning services are billed as a flat annual fee with investment management billed
separately as either a flat annual fee or a percentage of assets under management. To compensate
for the additional time required to discover Client information, establish accounts, and determine Client
goals, Tenant Firms/IARs may charge an initial onboarding fee up to $1,200 in addition to the
established annual fee. APFORIA has established a maximum annual fee for comprehensive financial
...

Item 7 Types of Clients
We offer investment advisory services to individuals (other than high net worth individuals), and high
net worth individuals. Tenant Firm/IAR may require specific prerequisites to become their client,
including a required minimum amount of assets to open an account.